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(IRR of an uneven cash flow stream) Microwave Oven Programming, Inc. is considering the construction of a new plant. The plant will have an initial

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(IRR of an uneven cash flow stream) Microwave Oven Programming, Inc. is considering the construction of a new plant. The plant will have an initial cash outlay of $7.4 million (= - $7.4 million), and will produce cash flows of $3.4 million at the end of year 1, $5.1 million at the end of year 2, and $1.9 million at the end of years 3 through 5. What is the internal rate of return on this new plant? The IRR of the project is % (Round to two decimal places)

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